Jambool Founders Confirm Acquisition by Google

Google’s purchase of Jambool, maker of virtual economy platform Social Gold, marks its latest move in creating a social gaming service to rival Facebook and others around the globe. Starting as a social collaboration platform in 2006, Jambool then turned its focus on creating apps. The challenged to monetize their apps with virtual currency led to the creation of the social gold platform. With hundreds of developers on the platform, Google will add Jambool to its team to help create seamless transaction experiences for developers worldwide.